Ayush,
I was specifically asked if I had other job and whether being an RA was intended to be my full-time gig. So there is a possibility that SEBI will ask you the same.
I cannot comment on whether SEBI can reject the registration based only on that issue. Do be prepared to give a detailed explanation as to how you can do 100% justice to being an RA while continuing with your IT job.
Hopefully someone with experience on this will also respond.
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